The paper is purported to explore the implications of a credit market reform policy and an overall economic expansion … imperfection in the informal credit markets may be desirable to mitigate the child labour problem even in the absence of any …

This paper analyses how entry by an international bank into a developing economy aÞects the credit market equilibrium … hard vs. soft information based theories of credit market segmentation. In the model, the banks are protected by limited … to a segmentation of the credit market. In equilibrium, the foreign bank finances local firms with a low exposure to the …